Last week saw stocks close markedly lower as investors were discouraged by hawkish comments from Federal Reserve Chair Jerome Powell, who put a damper on the likelihood of another interest rate decrease this year.
Stocks rallied last Tuesday as investors awaited the results of the presidential election.
Wall Street saw stocks end October with a whimper, although equities began November on a high note.
Tech shares helped the NASDAQ close up last week. The remaining indexes listed here didn’t fare as well. Renewed concerns about the Federal Reserve’s interest rate policy dampened investor appetite for risk. Bond prices also faded during the week, driving yields higher.
Investors were confronted with plenty of market-moving information last week as they waded through negative developments and some positive signs.
Wall Street enjoyed a solid week of gains following a rough start to the month. Each of the benchmark indexes listed here advanced, with the exception of the Russell 2000, which is generally the most volatile of the aforementioned indexes.
The interest rate decrease by the Federal Reserve helped drive stocks higher last week.
Equities rallied notably last week as investors awaited this week’s Federal Reserve meeting in anticipation of at least a 25.0-basis-point reduction in interest rates.
The Markets (as of market close September 6, 2024) September has clearly gotten off to a rough start for Wall Street. Stocks plunged lower on fears of an economic decline and a waning labor market. Investors feared that the Federal Reserve, which is now more likely to...
Despite moments of trepidation, the stock market extended its winning streak to three straight weeks.
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